Some of the U.K.’s digital lenders to small businesses have reportedly reached profitability more quickly than consumer-focused FinTechs. That’s according to a report Thursday (Oct. 15) by the Financial Times (FT), which said this trend comes as small- to medium-sized businesses (SMBs) turn to these...
Nubank thinks highly of fellow digital bank Monzo but doesn’t want to buy it. The Brazilian lender made that pronouncement Wednesday (Sept. 30) in a securities filing, prompted by recent news reports that it was interested in acquiring the U.K.-based Monzo. “As a matter of general...
Brazilian digital bank Nubank is reportedly interested in buying U.K. FinTech Monzo. Such a deal would value Mozno at up to £10 billion ($13.2 billion), the Financial Times (FT) reported Saturday (Sept. 26), citing two sources familiar with the matter. Sources told the FT there...
British neobank Monzo was sending customers to its backup bank Wednesday (Aug. 19) morning as it dealt with an outage. “We’ve identified some issues affecting Monzo and activated Monzo Stand-in, our fully independent backup bank,” the bank said in a post on X. “As a result,...
October 01, 2025
Neobanks that built their reputations in Europe are now accelerating their expansion across borders, with the United States squarely in their sights. The U.S. offers fertile ground for expansion: Gen Z, the first generation of true digital natives, is beginning to accumulate income, savings and purchasing power — and their expectations for banking services align […]
March 31, 2025
The mobile phone’s increasing penetration into global markets is helping blur the lines between telecom and financial services, where digital banks, and especially neobanks, are moving into communications and mobile...
October 31, 2023
They have different business models — but often compete for the same customers. And for banks and neobanks, there may be one commonality: The challenge of pushing back against the...
March 23, 2023
Digital banks are gaining market share, especially among small business owners, freelancers and millennial customers. Increased security and the latest innovative features appeal to many favoring digital banking, but many,...
October 28, 2026
British digital bank Monzo is continuing its European expansion with operations in Spain. The company’s launch in Spain represents Monzo’s first market in continental Europe, the company said in a news release provided to PYMNTS Wednesday (Oct. 28). It follows Monzo’s securing of a European banking license from the Central Bank of Ireland last year. […]
October 15, 2026
Some of the U.K.’s digital lenders to small businesses have reportedly reached profitability more quickly than consumer-focused FinTechs. That’s according to a report Thursday (Oct. 15) by the Financial Times...
October 01, 2026
Nubank thinks highly of fellow digital bank Monzo but doesn’t want to buy it. The Brazilian lender made that pronouncement Wednesday (Sept. 30) in a securities filing, prompted by recent news...
September 27, 2026
Brazilian digital bank Nubank is reportedly interested in buying U.K. FinTech Monzo. Such a deal would value Mozno at up to £10 billion ($13.2 billion), the Financial Times (FT) reported...